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Problem $10-9$ Calculating Project OCF $[$LO$1]$

Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}3$ million. The fixed asset will be depreciated straightline to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$1,654,000$ in annual sales, with costs of $$631,000.$ If the tax rate is $24$ percent, what is the OCF for this project? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$